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Nonprofiteer
← OPERA FOR THE YOUNG INC

Form 990 for tax year 2023

Filed by OPERA FOR THE YOUNG INC.

Totals

Total revenue
$315,355
Total expenses
$340,471
Contributions and grants received
$162,399
Grants paid
$0
Program service revenue
$120,607
Investment income
$35,386
Other revenue
-$3,037
Total assets, end of year
$894,555
Total liabilities, end of year
$504,639
Net assets or fund balances, end of year
$389,916
Program services expenses (Part IX)
$252,917
Management and general expenses
$51,633
Fundraising expenses
$35,921
Program service expenses (Part III)
$252,917

Program services were 74.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $28,381

  • 1e · Government grants (contributions)

    $45,238

  • 1f · All other contributions, gifts and grants

    $88,780

  • 1g · Noncash contributions included above

    $6,315

  • 2a · Program service revenue: Other program services

    total $2,647 · related or exempt $2,647

  • 2b · Program service revenue: Performance revenues

    total $117,960 · related or exempt $117,960

  • 3 · Investment income

    total $16,887 · excluded $16,887

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $75,017

  • 7b · Less cost or other basis and sales expenses

    securities $56,518

  • 7c · Gain or loss

    securities $18,499

  • 7d · Net gain or loss

    total $18,499 · excluded $18,499

  • 8a · Fundraising events: contributions included on line 1c

    $28,381

  • 8b · Fundraising events: direct expenses

    $3,037

  • 8c · Net income from fundraising events

    total -$3,037

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $76,232 · program services $41,928 · management and general $7,623 · fundraising $26,681

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $39,744 · program services $35,470 · management and general $2,137 · fundraising $2,137

  • 8 · Pension plan contributions

    total $3,091 · program services $2,767 · management and general $162 · fundraising $162

  • 9 · Other employee benefits

    total $2,326 · program services $2,326

  • 10 · Payroll taxes

    total $8,619 · program services $5,863 · management and general $703 · fundraising $2,053

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,300 · management and general $9,300

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $8,485 · program services $7,746 · management and general $739

  • 12 · Advertising and promotion

    total $3,038 · management and general $2,321 · fundraising $717

  • 13 · Office expenses

    total $7,938 · management and general $7,774 · fundraising $164

  • 14 · Information technology

    total $1,111 · management and general $1,111

  • 15 · Royalties

    total $5,751 · program services $5,751

  • 16 · Occupancy

    total $18,629 · program services $10,441 · management and general $4,267 · fundraising $3,921

  • 17 · Travel

    total $28,447 · program services $27,813 · management and general $634

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $13,602 · management and general $13,602

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,072 · program services $7,962 · management and general $24 · fundraising $86

  • 23 · Insurance

    total $5,646 · program services $4,410 · management and general $1,236

  • 24a · Other expenses: Artist fees

    total $95,305 · program services $95,305

  • 24b · Other expenses: Performance production costs

    total $5,135 · program services $5,135

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,150 · end of year $46,310

  • 2 · Savings and temporary cash investments

    beginning of year $192,081 · end of year $143,940

  • 3 · Pledges and grants receivable

    beginning of year $46,056 · end of year $33,000

  • 4 · Accounts receivable

    beginning of year $2,720 · end of year $7,929

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,179 · end of year $5,230

  • 10a · Land, buildings and equipment: cost or other basis

    $57,584

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,563

  • 10c · Land, buildings and equipment, net

    beginning of year $736 · end of year $49,021

  • 11 · Investments: publicly traded securities

    beginning of year $551,881 · end of year $592,110

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $16,273 · end of year $17,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,570 · end of year $15,615

  • 19 · Deferred revenue

    beginning of year $800 · end of year $800

  • 24 · Unsecured notes and loans payable

    beginning of year $499,700 · end of year $488,224

  • 27 · Net assets without donor restrictions

    beginning of year -$405,742 · end of year -$381,728

  • 28 · Net assets with donor restrictions

    beginning of year $741,748 · end of year $771,644

Mission and programs · 2023

Mission

The mission of Opera for the Young is to ignite enthusiasm for opera. The artistic vision in pursuit of that mission is described on Schedule O.

Activities or mission (Part I)

Opera for the young held performances for students and community members throughout the Midwest to further its mission to ignite enthusiasm for opera.

  • Opera for the Young brings live, professional opera to elementary school audiences with annual fall and spring tours. Students appear onstage in chorus and cameo roles, performing for their peers alongside professional artists. All productions are fully staged, sung in English, and adapted especially for students each year. Opera For the Young reaches over 75,000 elementary school children throughout the Midwest to ignite enthusiasm for opera. During the 2023-2024 season, Opera for the Young provided 150 performances including Family Opera Day.

    Expenses $252,917 · Revenue $120,607

As filed on the 2023 return.

Listed in Part VII

  • Saira Frank

    Executive Dir.

    Total calculated
    $74,412
    From this org
    $68,765
    From related orgs
    $0
    Other
    $5,647
    Hours/week
    40
  • Tanya Salman

    President

    Total calculated
    $0
    Hours/week
    1
  • Kari Kastenholz

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Alyssa Kubishak

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Emily Whalley

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Kaitlyn Konrardy

    Director

    Total calculated
    $0
    Hours/week
    1
  • David Coe

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349301703

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